CarMax (NYSE:KMX) Price Target Raised to $72.00

CarMax (NYSE:KMX) had its price objective boosted by JPMorgan Chase & Co. from $70.00 to $72.00 in a research note published on Friday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other equities analysts also recently issued reports on the company. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Needham & Company LLC raised their price target on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday. Mizuho upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and an average price target of $85.17.

CarMax Stock Performance

KMX stock opened at $84.27 on Friday. CarMax has a 1 year low of $65.83 and a 1 year high of $91.25. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The stock’s fifty day moving average is $79.01 and its two-hundred day moving average is $77.69.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period last year, the firm posted $0.52 EPS. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, research analysts predict that CarMax will post 3.01 EPS for the current year.

Institutional Investors Weigh In On CarMax

Several large investors have recently modified their holdings of KMX. Quarry LP lifted its holdings in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the 3rd quarter worth about $32,000. True Wealth Design LLC lifted its stake in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the period. Finally, Studio Investment Management LLC increased its position in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares in the last quarter.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.